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Dating Services Market Is Likely To Grow At CAGR of 5.2% During The Period of 2019-2026

03-11-2020 08:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Dating Services Market

Dating Services Market

Dating Services Market accounted for $6.7 billion in 2018 and is expected to reach $9.9 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026.

oIncentives for market growth

The factors such as major portion of adult population that accounts for single or unmarried demographic segments, multiple options facilitated by online dating services to higher rate of subscription, and majority of the customers look for non-monogamous relations drive the growth of the global dating services market. However, fraudulent accounts resulting in apprehension among its customers and unpaid customers hamper the market growth. On the contrary, rise in social media marketing and rise in number of millennial populations are expected to create lucrative opportunities in the near future.

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oOnline segment to manifest the fastest growth

The online segment is expected to register the fastest CAGR of 5.4% during the forecast period, owing to higher rate of subscription on various dating services apps and sites and increase in penetration. Moreover, the segment dominated the global dating services market in 2018, contributing to around 93% of the market. The report includes an analysis of the traditional segment.

oSocial Dating segment dominated the market

By end use, the social dating segment held the largest share in 2018, accounting for nearly two-fifths of the global dating services market, as social sites are created for millennials who look for casual dating and non-monogamous relationships. Moreover, the segment is projected to register the fastest CAGR of 6.4% during the forecast period. The report includes a detailed analysis of other segments such as matchmaking, adult dating, and niche dating.

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oNorth America held the largest share

The global dating services market across North America held the largest share in 2018, accounting for nearly two-fifths of the market, owing to higher rate of smartphone usage in the U.S. and Canada and increase in investment of key players in mobile technologies. However, the market across Asia-Pacific is anticipated to manifest the fastest CAGR of 7.4% during the forecast period, due to presence of both domestic and international players in the region.

Major Dating Service Market Players
o Badoo
o Grindr LLC
o eharmony, Inc.
o Match Group, Inc.
o Love Group Global Ltd.
o The Meet Group Inc.
o Spark Networks SE
o Zoosk Inc.
o Spice of Life
o rsvp.com.au Pty Ltd.

Access Full Report Summary: https://www.alliedmarketresearch.com/dating-services-market

Source: https://finance.yahoo.com/news/dating-services-market-reach-9-091000939.html

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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